Analysts Set Enova International, Inc. (NYSE:ENVA) Price Target at $188.00

Shares of Enova International, Inc. (NYSE:ENVA) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $188.00.

Several equities analysts have recently issued reports on ENVA shares. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 15th. Citizens Jmp boosted their target price on Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 28th. BTIG Research reissued a “buy” rating and set a $199.00 target price on shares of Enova International in a research note on Wednesday, January 28th. Citigroup restated an “outperform” rating on shares of Enova International in a research report on Wednesday, January 28th. Finally, TD Cowen restated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th.

Enova International Stock Performance

Shares of ENVA stock opened at $162.77 on Wednesday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 9.48 and a current ratio of 9.48. Enova International has a fifty-two week low of $88.11 and a fifty-two week high of $176.68. The stock has a 50 day moving average price of $142.64 and a two-hundred day moving average price of $140.60. The company has a market capitalization of $4.06 billion, a P/E ratio of 14.06 and a beta of 1.20.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.29. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $838.59 million. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Analysts expect that Enova International will post 10.31 earnings per share for the current year.

Insider Activity at Enova International

In related news, Director James A. Gray sold 19,999 shares of Enova International stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $172.04, for a total transaction of $3,440,627.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman David Fisher sold 7,143 shares of Enova International stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $149.49, for a total value of $1,067,807.07. Following the sale, the chairman owned 326,444 shares in the company, valued at $48,800,113.56. This represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,019 shares of company stock valued at $19,748,101 over the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENVA. SG Americas Securities LLC raised its stake in Enova International by 2,933.1% during the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after buying an additional 134,393 shares during the last quarter. Informed Momentum Co LLC purchased a new position in Enova International during the fourth quarter valued at $6,243,000. Marshall Wace LLP purchased a new position in Enova International during the fourth quarter valued at $4,412,000. Geode Capital Management LLC raised its stake in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after buying an additional 18,258 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Enova International by 8,356.1% during the third quarter. Harbor Capital Advisors Inc. now owns 16,574 shares of the credit services provider’s stock valued at $1,908,000 after buying an additional 16,378 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.